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File #: LBA Res 58, Series 2021    Version: 1 Name:
Type: VAPStat Case Status: Landbank
File created: 10/5/2021 In control: VAPStat Joint Meeting
On agenda: 10/11/2021 Final action:
Title: Location: See Exhibit A of Resolution 58, Series 2021 Parcel IDs: See Exhibit A of Resolution 58, Series 2021 Applicant: REBOUND, Inc. Disposition Program: Budget Rate Policy for New Construction Projects Project Type: Dixie Highway Solicitation of Interest Project Timeframe: February 2022 - July 2023 Sale Price: $9,000.00 for all the parcels Funding Source: Conventional Bank Loan, A Path Forward, Developer Equity, Louisville Affordable Housing Trust Fund, and Louisville Metro HOME Funds. Case Manager: Linette Huelsman Restrictions: Standard restrictions set within the "Budget Rate" disposition program. Summary: Applicant is requesting thirteen (13) parcels, listed in Exhibit A, to construct fifteen (15) affordable housing units to be sold to owner-occupants. Partial proof of funds in the amount of 2.5 million for the sale price and estimated development costs of $4,142,625.00 have been submitted by the compliant Applicant, owing no delinquent taxes or unpaid code enforcement fines/li...
Attachments: 1. Resolution No. 58, Series 2021 - Dixie Hwy SOI (13 Lots) REBOUND Inc.pdf
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Title

Location:

See Exhibit A of Resolution 58, Series 2021

Parcel IDs:

See Exhibit A of Resolution 58, Series 2021

Applicant:

REBOUND, Inc.

Disposition Program:

Budget Rate Policy for New Construction Projects

Project Type:

Dixie Highway Solicitation of Interest

Project Timeframe:

February 2022 - July 2023

Sale Price:

$9,000.00 for all the parcels

Funding Source:

Conventional Bank Loan, A Path Forward, Developer Equity, Louisville Affordable Housing Trust Fund, and Louisville Metro HOME Funds.

Case Manager:

Linette Huelsman

Restrictions:

Standard restrictions set within the “Budget Rate” disposition program.

Summary:

Applicant is requesting thirteen (13) parcels, listed in Exhibit A, to construct fifteen (15) affordable housing units to be sold to owner-occupants.  Partial proof of funds in the amount of 2.5 million for the sale price and estimated development costs of $4,142,625.00 have been submitted by the compliant Applicant, owing no delinquent taxes or unpaid code enforcement fines/liens.  Applicant will be seeking additional funding from the Louisville Affordable Housing Trust Fund and Louisville Metro HOME funds.